Echelon Resources Balance Sheet Health
Financial Health criteria checks 4/6
Echelon Resources has a total shareholder equity of NZ$174.9M and total debt of NZ$53.0M, which brings its debt-to-equity ratio to 30.3%. Its total assets and total liabilities are NZ$332.6M and NZ$157.8M respectively. Echelon Resources's EBIT is NZ$30.9M making its interest coverage ratio -25.3. It has cash and short-term investments of NZ$42.3M.
Key information
30.3%
Debt to equity ratio
NZ$53.00m
Debt
| Interest coverage ratio | -25.3x |
| Cash | NZ$42.29m |
| Equity | NZ$174.89m |
| Total liabilities | NZ$157.76m |
| Total assets | NZ$332.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ECH's short term assets (NZ$67.1M) exceed its short term liabilities (NZ$23.0M).
Long Term Liabilities: ECH's short term assets (NZ$67.1M) do not cover its long term liabilities (NZ$134.8M).
Debt to Equity History and Analysis
Debt Level: ECH's net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: ECH's debt to equity ratio has increased from 0% to 30.3% over the past 5 years.
Debt Coverage: ECH's debt is well covered by operating cash flow (68.1%).
Interest Coverage: ECH earns more interest than it pays, so coverage of interest payments is not a concern.